Personal Banking

Debit Card Coverage

What You Need to Know About Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

• We have standard overdraft practices that come with your account.
• We also offer overdraft protection plans, such as a link to a savings or other checking account, which may be less expensive than our standard overdraft practices. To learn more, contact us and ask us about these plans.

Standard Overdraft Practices

We do authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
• Preauthorized debit card transactions

We will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

• ATM transactions
• Everyday debit card transactions

We do not guarantee that we will always authorize and pay any type of transaction. We pay overdrafts at our discretion. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Jonesboro State Bank pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of $20.00 each time we pay an overdraft.
• If your account is overdrawn, we will charge an additional $1 per banking day. A banking day is Monday through Friday excluding bank holidays.
• There is a $100 per day limit on the above $20.00 fee we can charge you for overdrawing your account. 

When you have Debit Card Coverage on your account, your everyday debit card transactions including PIN point of sale will be approved, at our discretion, when you don't have sufficient funds available to cover your purchase.

To learn more and activate Debit Card Coverage, contact us or stop by the bank and ask us about Debit Card Coverage.